Definition of Auction. Meaning of Auction. Synonyms of Auction

Here you will find one or more explanations in English for the word Auction. Also in the bottom left of the page several parts of wikipedia pages related to the word Auction and, of course, Auction synonyms and on the right images related to the word Auction.

Definition of Auction

Auction
Auction Auc"tion, n. [L. auctio an increasing, a public sale, where the price was called out, and the article to be sold was adjudged to the last increaser of the price, or the highest bidder, fr. L. augere, auctum, to increase. See Augment.] 1. A public sale of property to the highest bidder, esp. by a person licensed and authorized for the purpose; a vendue. 2. The things sold by auction or put up to auction. Ask you why Phryne the whole auction buys ? --Pope. Note: In the United States, the more prevalent expression has been ``sales at auction,' that is, by an increase of bids (Lat. auctione). This latter form is preferable. Dutch auction, the public offer of property at a price beyond its value, then gradually lowering the price, till some one accepts it as purchaser. --P. Cyc.
Auction
Auction Auc"tion, v. t. To sell by auction.

Meaning of Auction from wikipedia

- An auction is usually a process of buying and selling goods or services by offering them up for bids, taking bids, and then selling the item to the highest...
- A Walrasian auction, introduced by Léon Walras, is a type of simultaneous auction where each agent calculates its demand for the good at every possible...
- that a mega auction would be conducted ahead of the 2025 season after a meeting with the owners of the franchises. It was the sixth mega auction of the IPL...
- generate revenue through merchandise, ticket sales and advertising. The first auction to purchase players for each franchise was held on 13 February 2023 at...
- A Vickrey auction or sealed-bid second-price auction (SBSPA) is a type of sealed-bid auction. Bidders submit written bids without knowing the bid of the...
- multiunit auction is an auction in which several homogeneous items are sold. The units can be sold each at the same price (a uniform price auction) or at...
- Player auction is a significant aspect of modern sports leagues, prominently observed in cricket and baseball, where teams bid to acquire the services...
- A Dutch auction is one of several similar types of auctions for buying or selling goods. Most commonly, it means an auction in which the auctioneer begins...
- Christie's is a British auction house founded in 1766 by James Christie. Its main premises are on King Street, St James's in London, and it has additional...
- An online auction (also electronic auction, e-auction, virtual auction, or eAuction) is an auction held over the internet and accessed by internet connected...